You shouldn't spend too much just to stay alive.
I will spend whatever it takes to stay alive and comfortable.
Substitute anyone for "They", "You", and "I".
... Naturally then the company needs to dump all the profitable stuff and focus on what they're bad at.
Seriously why do companies do that?
We a company is in trouble it needs to cut costs and sell assets. You can sell off your crap, but nobody wants to pay much money for crap, so you'd go under anyway. The only thing that's going to make enough money to keep you afloat, is to sell your "seed corn". So you sell your most valuable assets, keep the crap and hope that someone left can spin that crap into gold.
Yes, 99 times out of 100, you are going under anyway, but if every other way has 100% chance of failure, it's time to throw the Hail Mary pass and hope for the best.
A switch to a pay-TV subscription model would stymie Aereo but could hurt affiliate stations
Can they even do this? Don't affiliates have multi-year contracts, with exclusive territory agreements ? Who would agree to be a network affiliate if they could just pull the plug from you at any time?
wow, does it solve the halting problem as well?
The insolvability of the "halting problem" is only for arbitrary programs with arbitrary input. Certain defined classes of problems with defined inputs are very solvable.
My haircut is totally traditional!